Economic and Political Insights

Economic and Political Insights

Automatic Cuts to Social Security Benefits

Impacts and Potential Policy Responses

David Bernstein's avatar
David Bernstein
May 13, 2024
∙ Paid

The most recent report issued by the trustees of the Social Security Trust fund states absent changes in policies Social Security benefits will be automatically cut by 17 percent in 2033.

The debate over how to prevent an abrupt reduction in Social Security benefits mandated under current law could become the defining economic and political debate of thi…

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